When a Firm Operates in Multiple Industries Simultaneously, It Is

question 9

Multiple Choice

When a firm operates in multiple industries simultaneously, it is said to be implementing a

• A) product diversification strategy.
• B) product-differentiation strategy.
• C) geographic market diversification strategy.
• D) geographic market differentiation strategy.

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Definitions:

Disequilibrium

A state of imbalance or instability, particularly in contexts such as economics, physical processes, or cognitive development.

Broca's Area

A region in the frontal lobe of the dominant hemisphere (usually the left) of the brain with functions linked to speech production.

Interactionist Perspective

A theoretical approach emphasizing the role of social interactions in the development of the self and society, suggesting that reality is shaped through social processes.

Nativist Theory

A theory in psychology that suggests that certain skills or abilities are "native" or hard-wired into the brain at birth.